Paytm (acronym for "pay through mobile") is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India.[5] It was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through its QR code, Payment Soundbox, Android based-point of sale machine and online payment gateway offerings.[6] In partnership with financial institutions, Paytm offers financial services such as microloans and buy now, pay later to its consumers and merchants.[5] Apart from bill payments and money transfer, the company also provides ticketing services, retail brokerage products and online games.[7][8][9]
Paytm was founded in August 2010 with an initial investment of US$2 million by its founder Vijay Shekhar Sharma in Noida, Delhi NCR. It started off as a prepaid mobile and DTH recharge platform, and later added debit card, postpaid mobile and landline bill payments in 2013.[15]
Paytm invested $5 million in auto-rickshaw aggregator and hyperlocal delivery firm Jugnoo in 2015.[60] It also acquired Delhi-based consumer behaviour prediction platform Shifu[61] and local services startup Near.in.[62] In 2016, it invested in logistics startups LogiNext and XpressBees.[63] Healthcare startup QorQL, which uses artificial intelligence (AI) and big data to assist medical care, received investment from Paytm in April 2017[64] In July 2017, it acquired a majority stake in online ticketing and events platform Insider.in,[65] backed by event management company Only Much Louder (OML) and mobile loyalty startup MobiQuest. It also acquired Little and nearbuy.com during 2017.[66] an India-based, hyper-local eCommerce company.In December 2017, nearbuy.com merged with Little App, while raising fresh capital from Paytm.[67] As part of the deal, the competitor companies would merge under the leadership of co-founder and CEO Ankur Warikoo, while Paytm would acquire majority ownership of the merged entity.
Please do not share your Paytm Wallet password, Credit/Debit card pin, other confidential information with anyone even if he/she claims to be from Paytm. We advise our customers to completely ignore such communications & report to us at cybe...@paytmbank.com
Paytm seems to have started charging a convenience fee on mobile recharges from users. According to a Gadgets 360 report, Paytm is asking for a fee of anywhere between Re 1 and Rs 6 from users, depending on the recharge value. The fee is applicable to values worth Rs 100 or higher and on the recharges paid using online methods, such as UPI, credit card, or debit card.
Paytm has become the second mobile recharge platform after PhonePe to charge its users. In October last year, PhonePe announced it would start charging users with a "processing fee" on mobile prepaid recharges of Rs 50 or above. Flipkart-owned digital payments platform said that it was a "small-scale experience" but several users reported seeing that fee whenever they made a recharge and consequently criticised PhonePe.
For years, digital payment platforms have offered free mobile recharge services to their customers where all they have to pay is the exact value of the tariff. The convenience charge so far has been levied on adding funds to a wallet from a credit card. This charge is called MDR, or Merchant Discount Rate and it is normally capped at 2 per cent. But with PhonePe and Paytm's new changes, which could be aimed at increasing revenue, customers might switch to other apps such as Google Pay, Freecharge, Amazon Pay, and MobiKwik. Additionally, nearly every bank offers mobile recharge services through its app and customers can consider them, as well.ALSO READ Vivo X Fold, company's first foldable, launched with dual fingerprint sensors, Snapdragon 8 Gen 1ALSO READ Apple iPhone subscription leaked price suggests it may cost you more than upfront paymentALSO READ Nokia Android 11 updates are great but it needs better phones now Published By: Shubham VermaPublished On: Jun 13, 2022--- ENDS ---
The market is flooded with a wide variety of mobile phones with a hundred different features, making it difficult for you to choose from! Paytm Mall offers you an enormous selection of iOS and Android mobile phones ranging from feature phones to smartphones at exclusive price rates to cater to all budget types and mobile phone requirements. Whether you are fond of Samsung or an Apple lover, Paytm Mall hosts a wide range of mobile phones in a wide variety of price points, specifications, features and configurations for you to pick as per your usability. Just log on to our website and get ready to be spoilt for choices. From simple feature phones to latest fully loaded smartphones, we have a myriad of options for every requirement and price point.
Your smartphones are probably one of the most important gadgets in your life. They not only help you to stay connected to your family and friends but also help you carry your work and leisure, such as music, movies and more, wherever you go. Hence, it becomes essential that you settle nothing short of best. Not just the look of the mobile phone becomes an essential factor but also the latest features. With a plethora of smartphones available in the market each month, you might be looking out for something that suits your style and requirement. Below are the few things which you should keep in mind before buying your new smartphone.
Get The Right Screen Size- You can opt for mobile phones with a screen smaller than 5.5 inches. Go for a bigger screen size if you are more into watching videos and playing games. For heavy usage, go for bigger screens ranging from 5.5 inches to 6 inches.
If you are looking for a smartphone with the latest features and cutting-edge design, Paytm Mall is just the place for you. From affordable options to high-end phones, you will find all of them as per your requirements. Buy the best possible mobile phones online at the most efficient cost in India from Paytm Mall and get it delivered at your doorstep.
No matter if you are looking for iOS, Android, Symbian or Tizen operating system, your search ends at Paytm Mall. We have hundreds of options for whichever operating system you may be considering. Apart from this, we have a vast selection of mobile phones to suit different requirements, such as dual SIM cards, long battery life, expandable memory card support and more. If you are an avid photographer and love clicking photographs and selfies from your phone, then you can check out our wide range of smartphones with the latest high-quality cameras. You can also get the best selfie smartphones with the front shooter to get beautiful selfies.
South Korean smartphone giant Samsung is undoubtedly one of the strongest market players. Samsung phones are a popular choice among people across the lengths and breadths of the country. Their latest mobile handset is the Galaxy J2 Pro packed that comes with a 5.00-inch touchscreen display with a resolution of 540 pixels by 960 pixels. Their popular models and series have been J series, Galaxy Note 8, Galaxy and so much more.
With its wide portfolio of smartphones, Moto is yet another one of the top brand choices for mobile users across the country. Their software updates are quicker than any other mobile maker and customer service is known to be seamless. Some of their bestselling models include Moto X series, Motorola G, Motorola Moto Turbo, Motorola Moto E and many more.
Micromax is yet another popular mobile brand in India that has enthralled smartphone users with their widest range of mobile phones loaded with top of the line features and latest technology. Some of their top-selling phones include Micromax Canvas 5, Micromax Canvas 6, Micromax Canvas Selfie, Micromax Canvas Turbo and there so many.
So, what are you waiting for? Check out Paytm Mall today and buy the latest mobile phone online at the most affordable & reasonable price. Don't forget to check out our latest range of Vivo Mobiles, OPPO Mobiles, Mi Phones, iPhone, Nokia Mobiles available at jaw-dropping prices. Also, complete your shopping with our extensive range of mobile accessories from top brands like Powerbanks, Mobile Chargers, Selfie Sticks & Mobile Covers for your brand new smartphone.
How do you recharge your mobile? Do you use Paytm for the same? If yes, have you noticed that the app is charging fees when you make mobile recharges? As per the reports, Paytm has started levying platform fee for recharges done via the app. What needs to be noted is that the charge is not fixed. That is you can be charged anywhere between Re. 1 and Rs. 6 depending on the recharge amount. Also, the Paytm mobile recharge fee is applicable on all recharges, irrespective of the payment mode.
Non-Resident Indians (NRI) will now be able to access the Unified Payments Interface (UPI) on their international mobile numbers as well. The National Payments Corporation of India (NPCI) has issued new guidelines allowing NRIs in ten countries to access UPI services using their international mobile numbers for banks accounts which are classified as Non Resident External (NRE) or Non Resident Ordinary (NRO) accounts.
According to the guidelines, NRIs in these countries will now have the option of activating a UPI account with the mobile number they use in the particular country with an international country code. Keep in mind that setting up a UPI ID for any app requires a valid India mobile phone number.
When a user activates UPI from an app say Google Pay or Paytm, the app then sends an SMS from the number confirming that this mobile number is linked to the bank. So for those who move abroad, accessing UPI means they have to keep their India numbers activated, which can come with hefty costs given the prices of international roaming.
NPCI has said it will be begin enabling the transaction from mobile numbers having the country code of below mentioned countries along with current domestic country code. It plans to extend the UPI facility for other country codes in near future. The list of countries supported is
dca57bae1f